Telecentro seeks US$400 million in financing for ‘strategic transformation’

Telecentro, a leader in the telecommunications sector, has initiated a US$400-million financing round to carry out a strategic transformation of its infrastructure and expand its coverage to new markets. 

The main objective for this financing is to convert its current HFC (Hybrid Fibre Coaxial) network to one that is 100-percent fibre optic, which will significantly improve the quality and speed of the services available to its customers.

The initiative, which is part of the company's long-term growth strategy, also includes territorial expansion to bring high-quality Internet access to new locations and regions. 

The investment will have a direct impact on the modernisation of the company's technological infrastructure and innovation capacity, positioning it as a benchmark in the telecommunications industry.

Bank Of America has been selected as the underwriting bank for this financing process, providing the necessary backing for the success of this strategic initiative. 

“We are very excited about this investment, which will not only boost our competitiveness in the market, but will also contribute to the technological development of the communities we serve,” said Jorge Mendez Valles, Director of Telecentro.

The financing round is open to financial institutions, investors and strategic partners interested in supporting the company's growth and expansion. 

Funds will be used both for the renewal of the technological infrastructure and for the expansion of the fibre optic network to new locations.

The transformation to a 100 percent fibre optic network will allow Telecentro to offer higher speeds, greater capacity and a more reliable service to its users, consolidating its market leadership and reaffirming its commitment to technological innovation and customer satisfaction.